CC Resolution No. 154RESOLUTION NO. 154
A RESOLUTION OF THE CITY COUNCIL OF TF - 9 CITY OF CUPERTINO, AUTHORIZING AND
INSTRUCTING THE IV YOR TO SIGN A CERTiXi AGREE TENT WITH "WATER WORKS OF MONTA
VISTA LTD. ", PROVIDING FOR THE PURCHAS] OF THE ASSETS 03 SAID CORPORATION,
SETTING THE PRICE TI-EREOF, ESTABLISHIN A 1 OF FINRNCING AND THE ACQUISL-
TION OF SAME.
WHEREAS, the City Council has read the revised agreement between the
City and Water Works of Monta Vista LT:D., providing for the purchase of the
assets of the Water Works of Monta Vista LTD., by the City of Cupertino, and
WHEREAS, the proposed revision - to provide for transfer of title upon
payment of the purchase price is to the best interest of the parties, and
WHEREAS, it appears that said agreement is fair and equitable and it is
to the best interests of the City,
NOW, THEREFORE, BE IT RESOLVED: That the Mayor be and hereby is
authorized and instructed to execute the Agreement dated July 6, 1959, which
is attached hereto and made part hereon', and
BE IT FURTHER RESOLVED: That the City Clerk Pro -tem be and hereby
is instructed to deliver a certified copy of this resolution with a certified
copy of the agreement to the Water Works of Monti Vista LTD.,
I hereby certify that the foregoing resolution was adopted by the
City Council of the City of Cupertino, at its regular meeting held on the
6th day of July, 1959, by the following; vote:
AYBS: Councilmen, Lazaneo, Nathanson, Saich, Wilson
NOES: Councilman, None
ABSENT: Councilman, None
ABSTAINED: Councilman, Pelosi
Approved:
/s/ N. J. Nathanson
Mayor of the City of Cupertino
Attest:
Ls/ Patsy A. Bell
City Clerk